[email protected] wrote:
>
> Selling (and buying) property is normal activity as part of the
> management and operation of an investment porfolio.
>
> The idea is that, by doing so, you increase the the portfolio and its
> ability to generate income.
>
> Adrian
>
> I think most of us might have been able to work that one out for ourselves
> without you patronising us in your inimitable manner.
>
> Unfortunately, and as always, you never address the key point. The operation
> of a portfolio of this sort might be as you describe it - for an investment
> company. But what about a QWANGO charged with the task of preserving tracts
> of national heritage? That's when it gets more complex.
For example, how do you decide what proportion of the money made
available should be fed into the portfolio and how much into the waterways?
Let's get chunky.
Suppose you sell £319M worth of property, and take £127M in rental
income, inflation is projected to be 2.72% for the next three years, and
you expect, over the next FY, to have outgoings or liabilities
(including a maintenance backlog) that is estimated to cost £219M more
than your expected income.
What do you do?
Nick, knowing that answer will come there none.
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